Muthoot Finance Gold Loan

Gold Loan at 7.10%* p.m.

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Muthoot Finance Gold Loan Key Features – Apply Now!

Muthoot Finance Gold Loan Interest Rate 7.10% per annum
Muthoot Finance Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
Muthoot Finance Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Muthoot Finance Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Muthoot Finance Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Muthoot Finance Gold Loan Repayment Tenure 3 Months to 24 Months
Muthoot Finance Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Why Muthoot Finance Gold Loan?

Muthoot Finance is the biggest gold financing company in India. Furthermore, this financial organization is not only in India but it has its’s business in other countries like the UK, US, and the United Arab Emirates. Besides that, it is a well established and trustworthy financial organization. There is no risk of fraud. It has accomplished very good relations with the customers. It provides its services to 2 Lakh people per day. So if you want to apply for a gold loan you can easily apply for Muthoot Finance Gold Loan online on magicloans.in.  The organization will provide your loan amount with some interest. And when you will pay back your loan amount with interest within the given period of time you will get back your gold loan. Therefore there are so many benefits that Muthoot Finance provides.

Interest Rate:

Interest rate of Muthoot Finance Gold Loan starts from 7.10%. More the interest rate more will be the EMI. You can pay back your  loan (muthoot finacne gold loan payment)  in two ways. Either you can keep the EMI constant and change the time period of the loan Or you can decrease the EMI and keep the time period of the loan same.

  1. First of all, the interest rate for one month is 11%.
  2. Furthermore, it will be 15% for 1 to 3 months.
  3. For 3-12 months the interest rate will be 20% and for more than 12 months it is 21% onwards.

Eligibility:

There are some conditions that the applicant should fulfill to get a Muthoot Finance Gold Loan. These are written below:

  1. First of all, age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
  2. Besides that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
  3. After that, applicant should have gold in the form of jewelry. But the purity of the gold must lie between 18 karats to 22 karats.

Features:

  1. First of all, Muthoot Finance doesn’t accept gold in the form of gold bars, and gold coins.
  2. Starting amount of that can be provided to the customers is Rs. 1500 here and it can be extended up to one Crore
  3. Time for the disbursal of the loan is very less here. Therefore you will be able to get the amount of loan in your account within a few minutes.
  4. Muthoot finance provides very tight security to the gold assets provided by the customers. So customer’s gold is kept under three-layer security. So there is no risk.
  5. Most noteworthy is that there are no charges for the for closure.
  6. Muthoot finance provides the facility of prepayment also, there are no penalty charges for this.
  7. The customer can return the loan amount from 1 day to 36 months.
  8. 1% of the loan amount is charged as the processing fees. Most importantly there are no prepayment or part payment charges.
  9. Besides, that service tax and other governmental tax charges will be applied.

Documentations:

The process of documentation is very easy and simple.

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. 
  2. 3 passport size photos
  3. A passport acts as an ID proof because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. 
  4. Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  5. Driving license can also be a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer. 
  6. Aadhar card provided by UIDAI that contains bio metric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number and it prevents from the financial frauds. So it can be an identity/residence proof. Pan card is very essential document under KYC (know your customer) formality.
  8. Ration card also can be a residence proof because it provides enough information about the applicant.

Why Magicloans.in is an excellent platform to apply for a loan?

Here, we are to provide you with the loans and here we are to offer loans and tell you why Magicloans.in is better than other websites.

Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  1. To begin with, you will enjoy many benefits if you decide to take your personal loan from us
  2. After that, you have to fill the personal Loan form, and you will receive a call from our relationship manager.
  3. Besides this, more concessional rates will be provided to you besides all of the other facilities.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.

Features:

  1. First of all, Know your Personal loan eligibility in 1 minute, available online and across all branches.
  2. After that, Highly competitive interest rates for personal loans.
  3. Besides that, Special offers, interest rates and nominal charges for Karur Vysya Bank account holders.
  4. And Special personal loan offers* for women employees.

Benefits:

  1. First of all, imple documentation
  2. After that, Competitive pricing
  3. Besides that, personal loan disbursal is very quick.
  4. And Transparent procedure
  5. Personal loans available for Marriage and other Personal Needs.

How to Apply on magicloans.in?

  1. To begin with, you have to look up for magicloans.in on google.
  2. Thereafter, a form will open up and you have to fill up the form with the appropriate information.
  3. You will get more information from us following that.
  4. Search for magicloans.in on google

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%